← Life Insurance and Term Plans · Lesson 1 of 4
Why life insurance?
Life insurance is not for you; it is for the people who depend on your income. If the earning member is no longer there, the family still has rent or EMIs, school fees, daily expenses and future goals.
Life insurance pays a lump sum (the sum assured) to the nominee, so the family can continue their life with dignity. It is especially important if you have young children, dependent parents or a home loan.
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